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English 105
Search Results 0 to 49 of about 105 (some duplicates have been removed)
FOX Business
Dec 5, 2012 6:00pm EST
and see what happened with the bankruptcy when the federal government got involved. the cfo lost their jobs from the board of directors lost their jobs, and there are restrictions to the money coming in. so the federal government. the city of detroit knows what the problems are. the question is do we have the political will to make the difficult decision. gerri: that is where i want to go next. the track record here -- the track record here is not good. we have years of overspending. it is incredibly embarrassing stories, the previous mayor usinggan airplane at his own leisure to do personal travel. we have just a terrible financial track record. per capita income at 25,000 below the u.s. average. detroit employment is 18%, almost 19%. does the city council -- does the city management have it under control? have you guys just lost control? >> we certainly have it lost control. we have it under control. but we have our issues. but we are not falling off into the detroit river. the community is doing well. the business community, the corporate community and the city of detroit. we
CNBC
Dec 7, 2012 7:00pm EST
in a state, the federal government can't recognize those marriages. that's where you talked about federal benefits heterosexual couples get and same sex couples do not. the prop 8 thing is bigger. while potentially it's confined to the state of california only, the question it out there having given the right to gay marriage could the state then take it away through proposition 8 passed by a majority of the vote nurse 2008. having taken that case, the court could get to the bedrock issue. can any state refuse to let same sex couples get married under the federal constitution. it could potentially be narrow or very far. >> pete, as i understand it, let me ask you. this one of these things, maybe the driving one, is defense of marriage act was about paying the estate act. where one of the two people said she didn't have to pay the estate tax because a married couple wouldn't have to. >> reporter: this is a case from new york. a woman named edie windsor who married her partner in canada. the partner died and left edie the estate. the federal government said we can't recognize you as married.
FOX Business
Dec 7, 2012 4:00pm EST
economy but could be more like a race horse if the government gets out of the way. find out how much stronger we could be. >> floodwaters rise. business and the stock have taken advantage of these floods we are seeing. so many people suffered but there are businesses that will take advantage of this. jeff flock taking us inside this facility's manufacturing warehouse coming up next. >> it is hard to get in there. [ male announcer ] ths is steve. he loves risk. but whether he's climbing everest, scuba diving t grt barrier reef with sharks, or jumping into the marke he goes with peop he trusts, which is why he trades with a company that doesn't nickel and dime him with hidden fees. so he can worry about other things, like what the market is doing and being ready, no matter what happens, which isn't rocket science. it's just common sense, from td ameritrade. you know how painful heartburn can be. for fast, long lasting relief, use doctor recommended gaviscon®. only gaviscon® forms a protective barrier that helps block stomach acid from splashing up- relieving the pain quickly. try fas
CNBC
Dec 6, 2012 4:00am EST
's middle class. so i think it all is positive sentiments. the government is pumping more money, drive the infrastructure development. and i think that in the medium term over say the next couple months, the losses should be much better. >> all right. andrew, thank you. stick around. we'll come back to you you and talk more about the luxury sector. nick has views, as well, on the chinese stock market. speaking to cnbc a day after delivering his autumn statement in parliament, he said the budget plan would continue to attract investment to the british dealt markets. >> we have to get a control on spending. that's why i'm operating benefits by less than the rates of inflation. it's forecast to continue to fall, so we are making progress. britain started with a large deficit, but we're getting it down. >> you've drawn criticism about the lack of supporting growth. when will we see measures that booth the long term growth of the economy. >> i think you see two sorts of measures. big structural reforms to education and welfare, but also yesterday changes to our tax regime. so we now have on
CNBC
Dec 11, 2012 9:00am EST
" begins right now. >>> a government fractured, a market paralyzed, a call to action. as our nation careens to the fiscal cliff. cnbc's challenge to lawmakers to rise above partisan politics, seem compromise and find the solution. the clock is ticking down. the stakes are getting higher. now, we are turning up the pressure. this is a cnbc special report, "mission critical: rise above d.c." >> welcome back to our continuing coverage, mission critical: rise above d.c. we've been here all morning long. while we've been here on capitol hill, we've been talking to lawmakers about rising above gridlock and reaching a real deal on the fiscal cliff. in the last hour we sat down with grover norquist saying no one should strike a bad deal, and that there is no better reason to raise taxes now than there was in the past. he also added he thinks house speaker boehner has been a good leader during the fiscal cliff negotiations. and then we were joined by bob corker and bob conrad. corker said we need to focus more on entitlements now, and he will not sign any package that doesn't deal with entitlements
ABC
Dec 7, 2012 2:35am EST
widespread, two emergency shelters turned into death traps. >>> a new government climate report warns that flooding from future storms will likely get worse. thanks to sea levels rising faster than ever. scientists say global sea levels will rise 8 inches and 6 1/2 feet by 2100. since 1992,the levels rose half an inch. 8 million americans live in areas prone to coastal flooding. so learn how to swim everybody. >> temperature warms up. glaciers, ice caps melt. sea levels go up. >> wear a life preserver at all times. >>> here is a look at your weather now on this friday. showers in the midwest. and northeast. wet at time from the carolina coast done through florida. a few inches of snow in the dakotas, minnesota, wisconsin. heavier snow in the rockies and cascade. >> 40s from seattle to salt lake city. 53, colorado springs. 23 in fargo. 40s from omaha to new york. >>> here is one that brings to mind the phrase -- what are they going to think of next? an inventer in or gun has done something, come up with tt -- the doggy doorbell. >> ah, the brain child of keith gin who says he came up w
FOX Business
Dec 10, 2012 9:20am EST
union anger at michigan's right to work legislation? this goes to the heart of government spending and the position of organized labor in president obama's second term. we're right there in michigan. let's go to facebook. weigh in on what's happening there. will detroit get a bailout and what do you think about the unions? will they win? good questions all. now, one of the worst blowouts in nfl history. seattle seahawks beat arizona cardinals 58-0. the cardinals threw four interceptions fumbled four times and gained 154 yards and seattle undefeated at home and then there's this. the new york giants scored only 52 points in the win over the new orleans saints. the star was the rookie and he returned the kick off for touchdown and all purpose yards and kept the giants in the lead. and major result for the economy. people having fewer babies, blaming the economy and one woman who took a chance and had six children anyway. we'll have that and of course the opening bell right after this. >> less than a minute to the opening bell. there's the news background that says that consumer spen
CNN
Dec 7, 2012 6:00pm PST
-poohing government's role in provision nutrition for kids. i shot back at her, we had a couple exchanges and finally i said why don't we both live on food stamps. i went to bed not thinking much of it and got up the next morning and it had spread through the social media world, and was a bigger story. i called my staff and said we're doing this. >> you were on day four of this. this is the exact pile of food that you got. >> yes. >> what is interesting to me, you spent $29.78 on this, but when we tried to match it around here, in new york, we had to spend $57.37. >> right. >> implying that the government rate, if you like, for this food is clearly based right at the lowest possible level and may not be even possible for many people onn efood stamps. >> that's what we want to highlight. you have people who live in nutrition and food deserts who don't have access to fresh, healthy foods. i'm very lucky, i live a mile away so i walked to the superintendent. many people can't get in their car and go to the supermarket. we're trying to see not just what the challenges are living on this amount of money,
CNBC
Dec 5, 2012 7:00pm EST
detroit bankrupt city government, too. this sure isn't the free market, and i asked why should a texas taxpayer bail out detroit? >>> breaking news from syria, and it is a blockbuster. the assad regime is walking and loading its chemical weapons, ready to use them on its own people. nbc's chief pentagon correspondent joins us now. jim, is this the red line president obama was warning about? >> well, not quite yet. u.s. officials tell us that the syrian military is poised to use chemical weapons against their own people, and all it would take really is the final order from syrian president assad. but we have learned that as of today, all the precursored chemicals for that deadly nerve gas have in fact now been loaded on to aerial bombs, but those bombs are still in the depots. they haven't been loaded on to airplanes yet, and president assad hasn't given the order. but they're pretty close, larry, and that's why earlier this week, of course, president obama issued a very strong statement aimed at president assad saying look, if you use these weapons against your people, there will be se
CNBC
Dec 12, 2012 4:00pm EST
stimulating the economy without government interference. i think the thing to do is go right over the fiscal cliff. you'll raise some taxes, yes, that's true, you'll cut defense and some human services. this is the only way we'll have a significant bite out of this deficit. i think the market is going to like this. they say no right now, but when they see that this government is taking on the deficit in a serious way i think they will like it >> you don't think going over the cliff is armageddon? >> this is just nonsense, absolutely not. this is a bipartisan deal that was made. now both parties are trying to welch on their commitments. i think that's a mistake. >> steve, ben bernanke said today if we do go over the fiscal cliff, even if it's for a short period of time, it's going to be very costly and they do not have the tools to basically dig us out of it. do you believe if we go over the fiscal cliff it won't be as easy as the governor is suggesting? >> we're in trouble anyway this quarter and the next quarter and putting on taxes of any kind would be the wrong thing to do. sometimes the
FOX Business
Dec 5, 2012 9:20am EST
, and like to. the government takes, and attorneys say what to do to avoid it. first, christmas music from mark stein, i don't know why my picture is up there. that's mark stein and he's singing, not me. ♪ male announcer ] at scottrade, you won't just find us online you'll also find us in person, with dedicated support teams at over 500 brancs nationwide. so when you call or visit, you can ask for a name you know. because personal service startwith a real person. [ rodger ] at scottrade, seven dollar trades are just the start. our support teams are nearby, ready to help. it's no wonder so many investors are saying... [ all ] i'm with scottrade. >> detroit, we're told, is on the verge of bankruptcy, but one member of the city council thinks the president should step in and lend a hand, otherwise known as a bailout. yeah, let's call it what it is, a bailout, a call for a bailout from the obama team. city council member joan watson said yesterday, we voted for you and now give us a quid pro quo, why not? roll the tape. >> and our team in an overwhelmingly supported the reelection of this p
FOX Business
Dec 11, 2012 9:20am EST
to pay taxes in that city. you might not like the administration of government, you might not like -- you will pay city taxes or you can move out of the city. you can change the process and get involved in the same way -- stuart: i understand point. [talking over each other] stuart: voting to make michigan a right to work state. that is the democratic process. that is what is happening here. >> these people on lawfully legally expressing their opinion today. we have a mess on our hands. stuart: let me throw this that you. in the last ten years the employment level, the number of jobs in right to work states has gone up 10%. the employment level in non right to work states like michigan has gone 1%. don't you think there's something to be said for being right to work in terms of getting more jobs to your state? good jobs at a toyota or honda? >> there is no more pro-business mayor in the state or the country but i can tell you as you know as a business reporter there tweet types of lies, lies, damn lies and statistics. i didn't make that up but i can show you statistics the other way that
FOX Business
Dec 5, 2012 3:00pm EST
this issue. i would say that he should know more about economics. after certain points, the government raises less money by increasing the tax rate. if the tax rate were 100%, liz, how much money would the government raise? 100% of zero because nobody would go to work if the government confiscated everything. at some point, if the taxes increases and it turns out most analysis, most economists agree that that rate is about 30%. up to 30%, the government raises or money by having a tax of 30%. liz: you are a very large shareholder, if not the very largest, you are saving about $690,000 on your tax bill as well. that gives people a sense of how much money could possibly be saved. in 2015, will you start paying dividends again? >> i cannot decide. it is not just up to me. we will take a look at that and see what the story is. our goal is to reward shareholders. there are other ways to do that by buying shares back, increasing earnings per share, decreasing numbers of shares. we always will take care of our customers, that is what we do and that is why we are% successful. liz: thank you for comin
CNBC
Dec 10, 2012 4:00am EST
, the market is concerned that the new government under bersoni would not continue to implement the austerity measures, but he has reassured the market and everyone in the world, i will continue with these reforms and honor the commitments by the eu. we will have a balanced budget in to 13. kelly. >> carolin, back with you later in the program. >>> for now, we're joined by bob parker on set, senior adviser at credit suisse. bob, welcome. >> thank you. >> what do you make of this? is there any way that this is a positive in terms of perhaps opening the door towards mon at the monte serving in some sort of government? >>. >> i am assuming we're going to have a election probably in the second half of january. we're talking about a position of somewhere between 12 and 17% of the vote. so subsequently, i think fears that berlusconi may come back seem to be misplaced. i think if everyone looks at the last year and a half of what the monte government has achieved in italy, you have to be impressed. we have a strong budget climate surplus. the overall budget has come in dramatically. we've had well f
FOX Business
Dec 11, 2012 1:00pm EST
work with governments to break the law, foreign governments with terrorists they threatened by their actions the lives of u.s. citizens. saying at one point, and this is a quote, he says i don't think anyone is alleging hsbc was the mastermind of many of these schemes. rather the compliance was so lax that it was allowed to happen. listen to what he said at the beginning of the conference about how hsbc helped governments rake the law. in his own words. >> on at least one occasion hsbc instructed a bank in iran how to format payment messages so that the transactions would not be blocked or rejected. by the united states. >> so hsbc, according to lanny brewer, actually told the governments in iran, the bank at iran, how to break u.s. law but they will not go after the individual's who might have shown the bank how to do it. we asked hsbc for the number of executives who have been subject to call back of the bonuses, the department of justice and hsbc have made a great deal, great fact of the number of executives who have had their bonuses clawed back. they refuse to give the
CBS
Dec 6, 2012 6:00am PST
but this week surfaced in guatemala to seek asylum. he says he is the victim of a government conspiracy in belize. >>> i had to leave but the story has to get out. i have documentation that proves the intense corruption at all levels of the belizian government. now that i'm in a safe place, i can speak freely. >> mcafee still may face deportation though back to belize. >>> the egyptian army now has tanks outside the presidential palace in cairo amid worsening clashes between protestors and supporters of the syrian government. overnight, violence killed five people and injured more than 600 others. mohamed morsi critics began protesting two weeks ago when the president gave himself unrestricted power. >>> an norms u.s. official says secretary of state hillary clinton plans to meet with russian diplomats and a u.n. peace envoy for syria. the civil war ramped up in recent days with violent attacks and the u.s. fears syria's leader bashar assad is closer to using chemical weapons against anti-government rebels. >>> a new warning about a baby recliner titled to several infant deaths. >> plus
MSNBC
Dec 6, 2012 5:00pm PST
place in government. >> including at a federal level? >> including at the federal level. that's what elections are. collective bargaining. >> house democratic leader nancy pelosi pointed out jim demint was one of the ringleaders in voting down the u.n. treaty for people with disabilities this week. >> that was one of the saddest days, so anyone who was a party to that, well, i wish them well wherever they are going and hope that we can have more of our values represented there. >> it was demint and his tea party allies who pushed the country to the brink of default back in 2011. this is what demint told abc news about republicans who tried to strike a debt deal. >> what happens if -- what happens to republicans who go along with a debt ceiling increase? if they go along with the debt ceiling increase without a balanced budget amendment and the kind of stuff you're talking about? >> i think for the most part they're gone. it would be the most toxic vote we could take. >> demint's far right ideology is a key reason nothing gets done in this congress. house speaker john boehner is curre
FOX Business
Dec 10, 2012 4:00pm EST
been a rough year for corporate america with the government fining businesses $1.1 billion in antitrust funds. we have the exclusive details. liz: ever wonder what it would be like to work in an office with treadmill desks? free candy and a rock band break room? how you can spend a deal at facebook campus and meet with senior executives who play all the games and hang out with the biggies. we'll tell you how you can do this. stay tuned. >> you can add limited brands ls the company's paying early dividends to avoid higher taxes next year. making the announcement a $3 special dividend, $3 per share special dividend payable december 26. limited brands operating victoria's secret, paint, bath and body works among others. december 26. david: a nice 2% pop after hours because of that. liz: government finding businessefiningbusinesses a recs year forcing firms to fork over $1 billion in criminal fines. david: this exclusive fox business story. >> does the largest one-year total in 122 year history of the antitrust act. the analysis provided exclusively to fox business confirmed by the justice
CNBC
Dec 11, 2012 12:00pm EST
it for us. back to headquarters. scott wapner and the "fast money halftime." >>> a government -- a market paralyzed. a call to action. as our nation careens toward the raiser sharp edge of the fiscal cliff. cnbc has challenged lawmakers to rise above partisan politics. seek compromise. and find a solution. the clock is ticking down. the stakes are getting higher. now we are turning up the pressure. this is a cnbc special report. "mission critical: rise above dc." >> welcome to the second half of our special all day coverage "mission critical: rise above dc." we are in washington holding lawmakers' feet to the fire on the fiscal cliff. it had been quite a busy morning. here's what we now know. we're expecting house speaker boehner to give us an update on the fiscal cliff negotiations at any minute. in have been sberp rating the previous silence from the administration and speaker's office as a good sign real progress was being made. from what we have heard from our guests so far this morning there's a general sense of optimism a deal will be reached. perhaps not in a forum that's widely ex
CNBC
Dec 7, 2012 6:00am EST
% of leading investment professionals predict a shorp stock decline in the market if the government fails to come up with a deal. in this case defined as a more than 10% drop in the dow. 56% surveyed foresee a deal to avoid the cliff by year end, 44% predict failure in the ongoing negotiations. as for corporate america, through yesterday's close, there have been # 70 announcements of special dividends. these special difference deebds are valueded a more than $30.1 billion. among the latest names, mcgraw hill will pay a special dividends of $2.50 a share before year end. and drop its previously announced plan to buy back up to $200 million more of stock this year. >> everybody's paid their dividends this year, so they won't be paying them next year. >> this is a major issue. what's going to happen is -- we have two great economists onset. but that money will get annualized, so the 30 in the gdp accounts is 120. they'll multiply it by four on the dividends income. it's quarter to quarter change at an annualized rate. so it's times four. there is the marginal propensity of those people to ge
Current
Dec 7, 2012 3:00am PST
government goes in there and raids these clubs. if the state is a player, the feds largely are hands-off. >> help me out here. so in washington state and colorado, it's not only legal toto i am bible or to smoke. right? but it's legal to grow? >> it's legal to grow in colorado. washington state does not allow home-grown cultivation. >> they are importing it from where? >> it will be grown in washington in cultivation centers. >> i see but not at home? >> you can grow up to six plants at home in washington. >> in colorado? >> yeah. >> and then you can legally sell it and the state gets a sales tax. >> that's right. in one year because they have to put the regulations out, promulgate them and fight and all, but more or less a year from now people will be able to go into these places like you and i can get alcohol and tobacco on and caffeine and use it possibly in a private setting. you can't use it like in a coffee-shop setting like in amsterdam. >> by the way, i was in amsterdam 10 days ago. i looked for one of those damn pot coffee shops. carol and i
FOX Business
Dec 6, 2012 11:00am EST
: we have been talking about the next great government bailout. saving the federal housing administration. connell: heading up amazon for a billion dollars in back taxes. connell: stocks now every 15 minutes. we are watching apple today. nicole: it was down over 20% from highs of september. take a look. it is in the green. everybody has been focusing on powerful so much lately. obviously, so when he issues. ipods losing market share. iphones just not doing that well in china. there it is. back in the green. let's take a look at the major market averages. the dow jones industrial average is up. the nasdaq is also in the green, as well as, the s&p 500. daaen: thank you. connell: dan had injured reporting that he will be leaving his post next month. >> the opportunity presented itself. this was the moment to either take this job or not. i think he felt with the senate transitioning into a new year this was the moment to make the move. he took it. connell: it would have been a six year term. this is early. >> it is a reflection of the frustration. i think it probably would have
FOX Business
Dec 5, 2012 1:00pm EST
note this morning way to raise government revenues in terms of negotiating power. long-term growth with high income taxes and on the downside the least harmful consumption tax and property taxes. is anybody listening to this? >> we just put this out. we like to get congress focus on doing the least amount of harm while they raise revenues of some sort. you can do through asset sales, develop kind of things thee3 government owns and does not own. a lot of things in terms of oil leases and about a trillion dollars worth of mineral rights the government can sell off rather than raising taxes. they can equate government workers to pay more towards the health insurance and pensions, that would be a good thing and raise revenues. there are lots of ways to raise revenues without doing harm to the economy. lori: i have got to interrupt you here, why is the president so insistent upon raising tax rates for the wealthy? if you are point we don't necessarily have to do that to get meaningful revenues. melissa: it seems like religious or political on is part. this is a matter of an article of
CNBC
Dec 6, 2012 6:00am EST
to dangerous levels that might have required a government bailout. a lot of people weren't marking things where needed to go. >> i have a lot of questions about this story. it's an amazing allegation. $12 billion in paper losses. >> a lawyer from one of the whistle blowers will join us at 6:50. in a statement to cnbc, the bank says that allegations have already been investigated and all accounting was proper. >> my biggest questions are the allegations say the bank was doing it 2007 to 2010 and nobody came forward until late 2011 to make any complaints. i just wonder if you had been complaining the whole time along -- >> we just had this discussion about how far away do you need to be to where it's a false mark. at least 10% wiggle room. there were no buyers. if there is buyers, does that make it zero. >> basel 2 created a system that if things became less liquid, there is no change in the actual value of of the underlying asset. just couldn't sell it. so it's a bit like saying my house is a lesser asset because i can't accept it right now even though i don't want to sell it right now. >> who m
CNBC
Dec 7, 2012 9:00am EST
surprise to everybody. >> this is a very strong number. i think only u.s. government now can stop this kind of job growth. a fiscal cliff go over -- >> snatching victory from the jaws. >> a superstorm. nothing can stop the generation of jobs in this economy. >> there's a great article today in one of the papers about how apartment building, we have a shortage of apartments and shortage of housing and shortage of autos and shortage of office buildings developing, shortage of shopping centers, shortage of shopping malls. this is what begins a movement. you have to hire eventually. now you could say people are not looking for work, come on. look, jobs are here. they can -- it can be just easily reversed if you have no idea what is the future because of washington. >> given the data points that we've had in terms of claims numbers that did reflect an impact from sandy, they said 85,000 jobs or 86,000 jobs were sliced because of impact of sandy. average hours worked unchanged. doesn't that -- i don't know -- doesn't that bring into question a little bit the participation in the survey. how can i
CBS
Dec 6, 2012 7:00am PST
that syria's government is preparing chemical weapons for possible use. >> secretary of state clinton is holding an unscheduled meeting in ireland with the special envoy to syria. it is a sign that russia may be switching sides to put pressure on syria to stop the fighting. margaret brennan is in dublin covering those talks. good morning, margaret. do you think this is a sign of a diplomatic breakthrough? >> reporter: norah, it's a sign of a possible diplomatic breakthrough. u.n. envoy to syria is flying here to dublin for this last-minute meeting with secretary of state hillary clinton and the russian foreign minister. it may signal that russia is finally willing to take u.n. action to send a message to bashar al assad to stop the killing. russia one of syria's few remaining allies and so far have agreed to any interactions to stop the killing of thousands of people. >> charlie rose here. the reporting that they're mixing the ingredients for chemical weapons influence what the russians may be doing? >> reporter: the russian foreign minister says that the outside
CNBC
Dec 7, 2012 3:00pm EST
revisions were almost all in government. mandy makes a good point. 150,000 a month, which has been the average over the past is a months or so, is not great. if this was a normal recovery, we'd be growing at 4% instead of 2 on gdp. employment would be well over 250. however, the good news in today's report was if you look at the household survey, there was clearly a hurricane effect in these numbers. we might actually have printed over 200 absent hurricane sandy. i would argue the trends is getting better. as jim pointed out, we need some clarity on the outlook, and the cliff is very important. if we go off the cliff, even if that number had been 250, the numbers still would weaken next year. >> jim, you have to make money in the meantime. where do you put your money? where are you putting money to work right now? >> well, i'm pessimistic. i share austin's view that i think we're going to go off the cliff and push this thing to february with the debt ceiling bill. as that reality comes in, the market is going to continue to struggle. i would avoid risky assets right now. i'd play s
CNBC
Dec 12, 2012 6:00am EST
sector 7%. >> you think overall, isn't it, 7%? more than 50% of those work for the government. >> 7% and more than that if you go up, like -- i think it's 16% if you include -- 13 if you include public, which is -- where it is. a contentious issue. they point to what happened in indiana. you know, more jobs, better -- better economy -- >> i think the -- >> the right-to-work states seem to be -- it seems to have been born out that it's better for the overall state. better for all the occupants in the state when you go to right-to-work. >> you got somebody in the white house who's a big friend of labor. and yet they are losing on the state level in a lot of places. >> and he named some comment -- made a comment. i can't remember how he characterized what right-to-work laws do. but it seemed like sort of an overstatement of what we're talking about. >> i guess the only other side is this old-fashioned collective choice view or free rider problem. if you want to pay dues, i get the benefits, i don't have to ride along. it's not like it's a completely one-sided argument. >> right. you kn
NBC
Dec 7, 2012 5:00am EST
is taking its toll on maryland and virginia's governments. in maryland, state leaders say they can't make decisions on budget plans until they see how the fiscal cliff negotiations turn out. in virginia, governor bob mcdonnell says some of the cuts to state agencies recommended to him will appear in his budget even if congress and the white house reach a deal to avert the fiscal cliff. >>> a developing story out of north korea. the country may set off a long range rocket as early as this monday. that's according to media reports in south korea. the rocket is reportedly being fueled, but heavy snowfall may have slowed down preparations. north korea wants to launch what it calls a peaceful satellite sometimes before november 22nd. the u.s. believes the rocket is a cover to test missile technology. >>> president obama is speaking out against ongoing unrest in egypt. he has called egyptian president mohamed morsi to express concern about recent protests that have resulted in numerous deaths and injuries, calling the violence unacceptable. president obama did welcome morsi's call for talks wit
CNN
Dec 6, 2012 4:00pm EST
the government, but soon they could face a weapon even deadlier than any they've seen so far. cnn's pentagon correspondent barbara starr is joining us with the latest new threat on the possible use of chemical weapons. >> reporter: wolf, the challenge is for the obama administration to figure out exactly what bashar al assad is up to with his deadly arsenal. the horror remains unspeakable. 25 years ago saddam hussein unleashed one of the worst poison gas attacks in history. thousands were killed. now, in syria, u.s. concerns are growing by the hour that bashar al assad may be planning the same thing against his citizens. >> the intelligence that we have raises serious concerns that this is being considered. >> reporter: u.s. intelligence shows syria has mixed chemical compounds needed to make a deadly agent that can quickly kill thousands. >> the united states and our allies are facing the prospect of an imminent use of weapons of mass destruction in syria. and this may be the last warning we get. >> reporter: the u.s. is not precisely saying what the syrians are doing, but there are two way
CBS
Dec 6, 2012 7:00am EST
's government is preparing chemical weapons for possible use. >> meanwhile, secretary of state hillary clinton is holding an unscheduled meeting in ireland with russia's foreign minister and the u.n. special envoy to syria. a sign russia may be switching sides to put pressure on syria to stop the fighting. in dublin covering talks, margaret, good morning. do you think this is a sign of a diplomatic breakthrough? >> reporter: norah, the sign of a possible diplomatic breakthrough. flying here to dublin for a last-minute meeting with secretary of state hillary clinton and the russian foreign minister. it may signal that russia is finally willing to take u.n. action to send a message to bashar al assad to stop the killing. one of april saud's few remaining allies and so faro posed action to intervene the crisis that killed nearly 40,000 people. >> margaret charlie rose here. has the report that david martin has, the story that david martin has reported that they're mixing the ingredients of chemical weapons influenced what the russians may be doing? >> reporter: well
FOX Business
Dec 11, 2012 11:00am EST
. if it changes its ways it will not be prosecuted. if you think the government is draining your wallet, you may want to take a closer look at those people around your house. what they are carrying around and using. i am talking about apple products. households spend an average of $450 on those devices in 2011. nearly tripled the amount in 2011. analysts are calling it an apple tax. no, it is just, you are spending money on stupid apple products. under intense pressure to curb its budget, the army is due this thing a growing number of soldiers that did not meet fitness standards. the number of active duty military personnel deemed obese, more than tripled. obesity is now the leading cause of ineligibility for people who want to join the army. connell: we will get to this right to work fight that is going on in the state of michigan. dagen: jeff flock is in the middle of it. jeff: we will have him live on the air and just a moment. about 12,000 people by my count. stay tuned. ♪ ally bank. why they have a raise your rate cd. tonight our guest, thomas sargent. nobel laureate in economics, and one
CNBC
Dec 5, 2012 4:00pm EST
for the economy. we can make the government use the taxpayers' money more efficiently, lock in some spending savings and do some long-term entitlement reforms to make sure americans feel like they can retire with dignity. >> i want to make sure we're talking about apples and apples here, which is so hard in this discussion. the $800 billion which the republicans put forward, which would be a cap on deductions, how does that compare with how far the information is prepared to go when it comes to raising revenue from capping deductions? >> we don't actually know what the republicans think they can do in that context yet, because they haven't told us how they would propose to raise the $800 billion. we don't know whose taxes would go up. we don't know the mixes of rates and limitations they would support. we think there's a good case as part of an agreement alongside a tax increase on the wealthiest 2% of americans. we think with that mix of rates and deductions, we can reach agreement on something that's very good for the country. >> do you have a number? is there a number that the administrat
CNBC
Dec 10, 2012 4:00pm EST
. roughly 16% of aig shares. this is a mayjor coupe for the government. still at 33 bucks even though it's down after-hours up from the re-ipo after the financial crisis. >> and it's something that will make the ceo very, very happy. the last couple times he's been on this program, he has been campaigning publicly for the government to do just that. he wants them off his balance sheet and off his back. >> it was an unpopular risk to begin with. so brings this all into the era. >> as kayla pointed out, it turned out to be profitable for the country. >> absolutely. >>> in the meantime, death tax would jump. we talk about why it might cost someone's heirs a ton of money if their die on new year's day versus new year's eve. >> and later bmw and mercedes are running neck and neck for the best luxury maker in the country. phil lebeau has the huge deal story coming up. if you think running a restaurant is hard, try running four. fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our busines
CNBC
Dec 10, 2012 9:00am EST
. the government felt in its infinite wisdom that -- >> you think it's a radical tax increase? >> i think so, yeah. i think you'll notice it in your paycheck for certain. >> that's absolutely for sure. >> your first check, second paycheck, then you get the chaos that bowles mentioned. and the chaos is, wow, i have much less to spend. i didn't know this was coming. alternative minimum tax being the silent killer who really understands how much more they have to pay, check at the end of the year. do the math. >> we saw it in the consumer sentiment numbers, and what it will be when the increases actually go through. most of that decline in sentiment that we saw on friday was from households earning more than $75,000. a higher income in this survey, households felt it the most, even though it's not here technically. >> one of the more interesting conversations over the weekend was bob corker saying, let's just go ahead, concede to the tax argument, which would flip the entire spotlight onto entitlements, which is what republicans have been trying to get the discussion to be about over the last couple
FOX Business
Dec 7, 2012 9:20am EST
the private sector, not all government all the time. that's the story. aw austan, i'm sorry, i really am out of time. thank you, sir. more "varney & company" in a moment. >> a strong earthquake hit the coast of japan in the same region where the fukushima plant was devastated last year. no tsunami waves this time around. 7.3 magnitude quake and shook buildings more than 200 miles away in tokoyo, a tsunami warning has now been called off. we've been reporting this for months here on "varney & company." gun sales, they are absolutely booming. and now, smith & wesson, the gun people, they made a profit and they raised their outlook and the stock is going to be up come that opening bell. charles,you're buying gun stocks? >> i've got to it will you, i wanted to feature this on making money for charles segment and sandra smith was covering it and i didn't have a chance to hear what they had to say. hopefully-- >> you would have said this stock is going up if you had a chance yesterday. >> from ruger, which is a rival and actually had a much better run in this stock and a 17% short position, so th
FOX Business
Dec 12, 2012 1:00pm EST
will know exactly what to say to prepare his defense. the government would only give it to him if he could basically tell him about what steve cohen new about the insider trades that he was accused of. in the indictment, it says that bythat -- he traded those stocks based on insider information. he was not supposed to do that. then he told steve cohen something that caused steve cohen to trade those stocks. we should point out also, the largest insider-trading case and probably, in recent history. something like $270 million of ill-gotten gains. we do not know if he has told him i am facing these traits on illegal information. we just know that he talk to him. you talk to a lot of people on the street. we still do not know that information and how it was conveyed. that is what the government wants. tell us what you said. how you said it. did steve cohen no it was inside legal information. melissa: it seems like a conflict of interest. charlie: it is completely legal. his contract may not have said we give you, you know, we give you lawyers until the day you die. it would be interesting to
CNN
Dec 6, 2012 11:00am PST
millions and his work. marco rubio, pat toomey. very conservative, anti-tax, anti-government purists in the mold of jim demint. however, he also backed in republican primaries a number of republican candidates who simply were not electable according to the republican establishment and the establishment was right. for example, remember christine o'donnell, i'm not a witch, from delaware. ken buck of colorado. and others. so those are some of the reasons why he definitely has ruffled many a-feather with the party leaders and i have to tell you first thing i saw when the senate republican leader mitch mcconnell released a statement today was making the point that demint had, quote, uncompromising service. didn't have to read between the lines too much to see there's a backhanded compliment. >> dana, what about bigger picture here and talking about the republican party aenl just talking about folks like ryan and rubio, let's say, part of maybe the next generation republicans. do you think that demint's brand of republicanism is falling out of favor with sort of the newer version of what
KRON
Dec 7, 2012 6:00am PST
or government officials say entire families were washed away. more than 310,000 people have lost their homes as the typhoon struck on tuesday. >> the bay area quality management district has received a 1 million grant $1 million grant from the u.s. department of energy to help more local companies use alternative fuel for their vehicles and fleets. the gravel goes towards the california floods in wordplay alternative fuel project which aims to reduce barriers for companies and governments to use alternative fuel. such as issues with permitting. the gravel watch and february and will continue over a two-year period. a report finds a the states themselves agency needs more independent oversight and recommends a restructuring to avoid the appearance of conflict of interest. the institute of medicine says too many board members on the california institute for rich in art of medicine represent schools that receive funding. california voters in 2004 proposition 71 that form the seat i are am. as distributor about 1.3 billion in grants. california >> california is suing delta air lines over the lac
PBS
Dec 7, 2012 4:30pm PST
to be weak due to worries about the fiscal cliff. with $600 billion in automatic tax hikes and government spending cuts set to start next yer, why aren't more firms postponing hiring decisions? >> what we're hearing from businesses is that it is really hard to actually pull back hiring right now, because they've already fired so many workers, gotten so lean that it's really difficult. >> reporter: but not all the surprises in the report were good. at 7.7%, the unemployment rate hit its lowest level since december 2008. but that was mostly due to people giving up their search for work. and there's another disappointing trend, weak wage growth. >> what we are not seeing is strong income generation. the slowing in wage gains-- the weak bargaining power of labor comes across in this report and >> reporter: so although the labor market is not getting worse, it's not getting a lot better, either. and there are plenty of risks that could cause businesses to cancel projects, and hiring plans. >> clearly one of the biggest risks is that we don't see a deal on the fiscal cliff, or that they drag it
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